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Shopping Strip

Wickenburg Retail Plaza

893 W Wickenburg Way, Wickenburg, AZ 85390

Listing Price: $725,000

Cap Rate
5.19%
Gross SF
6,298
Rentable SF
6,298
Price/Gross SF
$115.12
Lot Size
0.63 acres
Year Built
1958

Investment Overview

Marcus & Millichap is pleased to present an excellent opportunity to acquire an approximate 6.298 square foot retail center located in the heart of Downtown Wickenburg. The fully occupied retail center sits directly upon West Wickenburg Way (Highway 60) and serves the local community and tourists alike. Daily needs and lifestyle tenants include a well-designed salon, a yoga studio, a pilates studio, a very popular off-road vehicle/powersports rental shop, and a traditional realty office. Just a short 60-mile drive northwest of Phoenix, the population of Wickenburg, AZ has been experiencing an incredible surge, especially since the pandemic began in 2020. The scenic town recently received recognition from the Washington Post, describing the vibe of the town as "Rural life with small-town charm" and noting that baby boomers have been flocking there for retirement and in search of second homes. In 2020 alone, approximately 60,000 Californians moved to Arizona, Wickenburg is known for its wild west appeal, golf courses, luxury homes, desert recreation, and plenty of sunshine. The history of the town began when Henry Wickenburg, Wickenburg’s founder, first discovered gold at Vulture Mine in 1863. Vulture Mine would go on to be the richest gold producer in Arizona history, producing over $30 Million in gold and is still open for tours today. The mining lore of the area is responsible for much of the town’s historic charm and there are still numerous relics of other mines surrounding Wickenburg. Wickenburg also supported a robust farming and ranching scene in the 1900s, due to the fertile soil provided by the Hassayampa River floodplain. The addition of the railroad in 1895 and Highway 60 later on, allowed for trade and tourism to boom and Wickenburg became known as the “Dude Ranch Capital of the World”, drawing tourists from all over who wanted to experience the great American West. The historic train depot still stands today as the Wickenburg Chamber of Commerce and Visitor’s Center.

Investment Highlights

  • Fully occupied retail center located in the heart of Downtown Wickenburg.
  • Lifestyle needs, entertainment, and fitness tenants serve locals and tourists alike.
  • Value-add opportunity by bringing rents to market and by re-capturing expenses.
  • Located within an Opportunity Zone.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Shopping Strip

Wickenburg Retail Plaza

Listing Price: $725,000

Cap Rate
5.19%
Gross SF
6,298
Rentable SF
6,298
Price/Gross SF
$115.12
Lot Size
0.63 acres
Year Built
1958

Investment Highlights

  • Fully occupied retail center located in the heart of Downtown Wickenburg.
  • Lifestyle needs, entertainment, and fitness tenants serve locals and tourists alike.
  • Value-add opportunity by bringing rents to market and by re-capturing expenses.
  • Located within an Opportunity Zone.

Investment Overview

Marcus & Millichap is pleased to present an excellent opportunity to acquire an approximate 6.298 square foot retail center located in the heart of Downtown Wickenburg. The fully occupied retail center sits directly upon West Wickenburg Way (Highway 60) and serves the local community and tourists alike. Daily needs and lifestyle tenants include a well-designed salon, a yoga studio, a pilates studio, a very popular off-road vehicle/powersports rental shop, and a traditional realty office. Just a short 60-mile drive northwest of Phoenix, the population of Wickenburg, AZ has been experiencing an incredible surge, especially since the pandemic began in 2020. The scenic town recently received recognition from the Washington Post, describing the vibe of the town as "Rural life with small-town charm" and noting that baby boomers have been flocking there for retirement and in search of second homes. In 2020 alone, approximately 60,000 Californians moved to Arizona, Wickenburg is known for its wild west appeal, golf courses, luxury homes, desert recreation, and plenty of sunshine. The history of the town began when Henry Wickenburg, Wickenburg’s founder, first discovered gold at Vulture Mine in 1863. Vulture Mine would go on to be the richest gold producer in Arizona history, producing over $30 Million in gold and is still open for tours today. The mining lore of the area is responsible for much of the town’s historic charm and there are still numerous relics of other mines surrounding Wickenburg. Wickenburg also supported a robust farming and ranching scene in the 1900s, due to the fertile soil provided by the Hassayampa River floodplain. The addition of the railroad in 1895 and Highway 60 later on, allowed for trade and tourism to boom and Wickenburg became known as the “Dude Ranch Capital of the World”, drawing tourists from all over who wanted to experience the great American West. The historic train depot still stands today as the Wickenburg Chamber of Commerce and Visitor’s Center.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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